Forest Park, OH

Very Low · 72

Ohio · Population 19,994 · Updated March 2026

$1,172
Median Rent / Month
$67,201
Median Income
$163,200
Median Home Value
$1,195
Owner Costs / Month

Affordability

How far your income goes in Forest Park

20.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$14,064
Annual Rent
$2,352
State Income Tax
$2,497
Property Tax (est.)

Cost of Living Overview

Forest Park is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Forest Park residents can expect to pay median rent of $1,172/month while earning a median household income of $67,201/year.

The median home value in Forest Park, OH is $163,200, with typical monthly owner costs around $1,195 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Forest Park.

Frequently Asked Questions

Common questions about living costs in Forest Park

What is the cost of living in Forest Park, OH?
The cost of living index in Forest Park, OH is 72 (US average = 100). Median monthly rent is $1,172, median household income is $67,201/year, and the median home value is $163,200.
Is Forest Park, OH affordable?
Yes, Forest Park is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 20.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Forest Park, OH?
The median gross rent in Forest Park, OH is $1,172 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,064.
What is the median household income in Forest Park?
The median household income in Forest Park, OH is $67,201 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.